Project Title: Developing New Product Offerings that Drive Revenue and Fill Prospect Pipeline
MySherri
| Details | |
|---|---|
| Project Title | Developing New Product Offerings that Drive Revenue and Fill Prospect Pipeline |
| Project Topics | Growth Strategy Product Design & Development |
| Skills & Expertise | |
| Project Synopsis: Challenge/Opportunity |
Our organization is seeking opportunities to grow our product offerings which are in line with our customized hospitality approach. We want these product offerings to not only drive revenue but present one-time opportunities to get in front of our ideal client for the ability to fill our client prospect pipeline. Ultimately, we want to convert as many of these clients to monthly subscriptions as possible.
There will need to be an understanding of our company's core values, mission and vision. There will need to be an understanding of our current cash position and the needs of our company from a cash flow perspective. We will need some addressable market analysis using our ideal client model. We will need an idea of the competition in the market for the proposal the students develop. I would like to see ideal partners for launching the new product as we are largely a word of mouth marketing strategy right now.
This project would be a success if we had the following deliverables at the end of the session:
1. Feasible product offering with supporting data as to why the market will embrace it.
2. Ideas and cost structure of how to market the new product.
3. Financial projections of the impact of the new product offering in the first 3, 6, 12 months (both for the product and assumptions on conversion rate).
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| Project Synopsis: Activities/Actions Required | |
| Project Synopsis: Expected Results |
Project Timeline
| Touchpoints & Assignments | Date | Type |
|---|---|---|
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Program Kickoff |
Jan 13 2022 | Event |
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Library Session |
Aug 01 2022 | |
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8:00 AM - 2:00PM - Primary Research and Data Analysis Working Session |
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2:30 PM ET - 4:00 PM ET - Final Presentations |
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Complete End of Project Evaluations |
Evaluation | |
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4:00 PM ET - 6:00 PM ET - Facilitator Feedback Session |
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UPLOAD 1-PAGE BRAINSTORM IDEAS |
Submission Required | |
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UPLOAD PRESENTATION MATERIALS |
Submission Required | |
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5:30p-9:30p ET - Welcome Dinner & Client Presentation |
Program Managers
| Name | Organization |
|---|---|
| Luke Bickel | Butler University |
| Ashley O'Salway | Butler University |
| Marie Mackintosh | Butler University |
| Teresa Williams | Butler University |
Teams
| Team Name | Project Name | Team Members |
|---|---|---|
| No Teams Available |